Macroeconomy

The objective of this note is to provide a preliminary assessment of the impact of the crisis on Egypt and of the policy response to it.  It is based on three technical background documents.  The first one quantifies the overall impact using sector and long term growth data.1  The second one analyzes the short term fiscal, monetary and exchange rate policy choices that Egypt faces.2 The third piece reports on the results of a survey of 200 Egyptian firms probing their sales, employment, capacity utilization, and investment in recent months.3 The present note provides an integrative synthesis of the background work.

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